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Consolidated Liquidity, Working Cycle & Turnover Ratios

Bharat Petroleum Corpn. Ltd.


Currency: Rs. Million (Non-Annualised)
Liquidity
Cash to current liabilities (times)
Cash to avg cost of sales (times)
Quick ratio (times)
Current ratio (times)

Mar-06
12 mths

Mar-07
12 mths

Mar-08
12 mths

Mar-09
12 mths

Mar-10
12 mths

0.051
2.403
0.278
1.151

0.113
5.615
0.318
0.969

0.081
4.801
0.434
1.008

0.054
3.43
0.253
0.553

0.03
2.029
0.314
0.866

1.772
0.482
0.879
3.77
4.1

1.854
0.493
0.937
7.188
5.6

2.256
0.647
1.167
5.029
5.2

2.652
0.644
1.706
1.464
11.9

2.97
1.144
1.77
3.529
4.4

98,958.60
12,667.80
3,080.70

95,323.20
13,658.80
4,335.50

115,249.90
14,391.90
4,125.10

78,705.90
13,072.50
3,825.70

141,092.30
24,193.20
4,318.70

11,129.70
5,622.90

13,194.50
16,240.40

52,159.30
15,889.20

35,144.00
13,485.60

42,086.00
7,284.30

75.3
9.6
2.3
0
8.5
4.3

66.8
9.6
3
0
9.2
11.4

57.1
7.1
2
0
25.8
7.9

54.6
9.1
2.7
0
24.4
9.3

64.4
11
2
0
19.2
3.3

17,310.70
59,707.90

-4,469.50
53,720.40

1,539.90
45,094.80

-116,608.30
33,616.40

-33,598.30
44,025.10

19.5
4.8
33.4
7.3
64.9
39.4
25.5

15.3
3.9
28.5
6.2
54
35.4
18.6

19.2
3.8
24.1
6
53.1
39.4
13.6

18.1
3.5
17.1
4.8
43.5
35
8.6

16.1
4.1
23.4
6.8
50.4
38.2
12.3

Turnover ratios (times)


Raw material turnover
WIP turnover
Finished goods turnover
Debtors turnover
Creditors turnover

18.761
5.548
10.928
49.938
13.817

23.814
6.759
12.808
58.542
14.852

18.997
7.928
15.174
61.309
12.542

20.132
10.033
21.374
75.379
15.111

22.64
7.727
15.6
53.765
15.031

Asset utilisation ratios (times)


Total income / total assets
Total income / compensation to employees

2.953
92.621

3.143
102.818

2.897
91.757

2.907
75.091

2.319
60.435

4.437

4.992

5.105

5.674

4.666

Total outside liabilities / tangible net worth


Total term liabilities / tangible net worth
Debt to equity ratio (times)
Interest cover (times)
Interest incidence (%)
Current assets (Rs crore)
Inventories
Sundry debtors, outstanding less than six months
Sundry debtors, outstanding over six months
Bills receivable
Accrued income
Cash & bank balance
Structure of current assets (% of total)
Inventories
Sundry debtors ots < 6 mths & doubtful
Sundry debtors ots > 6 mths & doubtful
Bills receivable
Accrued income
Cash & bank balance
Working capital
Net working capital
Net working capital (cost of sales method)
Working cycle (days)
Raw material cycle
WIP cycle
Finished goods cycle
Debtors
Gross working capital cycle
Creditors
Net working capital cycle

Sales / GFA excl reval

Sales / NFA excl reval


Sales net of repairs / NFA excl reval

7.453
7.453

8.463
8.463

8.86
8.86

10.145
10.145

8.405
8.405

Mar-11
12 mths

0.039
1.779
0.469
1.228
2.925
1.402
1.541
3.02
4.8

182,134.80
26,505.80
4,977.00
60,272.60
7,970.60

64.6
9.4
1.8
0
21.4
2.8

52,464.80
78,284.60

19.8
4.8
26.3
7.2
58
40.5
17.5

18.475
6.723
13.871
50.931
13.559

2.555
56.912
5.073

9.037
9.037

Bharat Petroleum Corpn. Ltd.

Mar-09

Mar-10

Mar-11

18.1

16.1

19.8

3.5

4.1

4.8

17.1

23.4

26.3

38.7

43.6

50.9

4.8

6.8

7.2

Working cycle (days)


Raw material cycle
WIP cycle
Finished goods cycle
Total length of chain (days)

Debtors
Gross working capital cycle

43.5

50.4

58

Creditors

35

38.2

40.5

Net working capital cycle

8.6

12.3

17.5

4.8
31.7

6.8
43.3

7.2
45.4

98,958.60

95,323.20

115,249.90

Debtors (days)
Creditors (days)
Inventories

Avg total Inventory (Rs.Crore)


COGS(Rs Crore)
Inv(Days)
C2C
Bharat Petroleum Corpn. Ltd.
Debtors (days)
Creditors (days)
Inv(Days)
C2C(days)

109899.1
161613.55
91067.4
140,633.57 134,697.49 163,721.84
285.2318369 437.9364883 203.0248438
258.3318369 401.4364883 164.8248438
Mar-09
4.8
31.7
285.2
258.3

Mar-10
6.8
43.3
437.9
401.4

Mar-11
7.2
45.4
203.0
164.8

78,705.90

141,092.30

Raw materials, stores & spares

COGS
182,134.80

372,430.80 488,945.00 566,447.60 620,111.50

2895.54

1730.39

72643.01

59485.14

4261.57

2895.54

71276.98

58319.99

584,129.90 713,674.90

3943.18
59682.24

1730.39
61895.03